Lawyers: Ireland should import SRR from UK

Ireland should reverse its previous approach and adopt the UK’s Special Resolution Regime (SRR) to help solve its banking crisis, lawyers argued this week.

19 Nov 2010

The UKs Banking Act 2009, which came into force in February 2009, enables the orderly resolution of failing banks. The Act permits the authorities to intervene before a bank is insolvent, which is not always possible in other countries. Under the Act they are able to split an
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